EUR/USD Open 1.3818 High 1.3855 Low 1.3655 Close 1.3812
On Thursday Euro/Dollar increased significantly with 200 pips. The European currency appreciated from 1.3655 to 1.3855 yesterday, matching the positive Interbank sentiment projection at almost +8%, closing the day at 1.3812. This morning the Euro is trading quietly, with movements at the upper end of yesterday's range for now. On the 1 hour chart range trading has formed, while on the 3 hour chart wider range trading has emerged. Break above the nearest resistance and yesterday's top at 1.3855 may trigger further strengthening of the Euro. Going bellow yesterday's bottom and first support at 1.3655, however, would confirm continuation of the bearish trend, towards next objective downwards 1.3542. Today's focus is on Italy, France, Germany and EU17 PMI services, EU17 PPI, and Germany Manufacturing orders, at 8:45, 8:50, 8:55, 9 and 10 GMT respectively. Quotes are moving just above the twisted and close 20 and 50 EMA on the 1 hour chart, indicating slim bullish pressure. The value of the RSI indicator is positive and hesitant, MACD is positive and quiet, while CCI has thinly crossed up the 100 line on the 1 hour chart, giving overall all light long signals.
Technical resistance levels: 1.3855 1.3973 1.4100
Technical support levels: 1.3655 1.3542 1.3420
Trading range: 1.3830 - 1.3755
Sell at 1.3819 SL 1.3849 TP 1.3769
Yesterday we made +22 pips profit on EUR/USD from the following sent to clients only signal:
5:25 GMT Buy EUR/USD at 1.3696 SL 1.3670 TP 1.3746, exit sent at 5:31 GMT+1.
Total yesterday +123, as shown in details at http://www.zifx.com/performance.php.